Pixelated pictures of “Pepe the Frog” comics riding spaceships were the latest allure for digital art collectors in the Web3 world.
The so-called Bitcoin-based “Space Pepes” collection became the most traded non-fungible tokens (NFTs) over a seven-day period, data from Cryptoslam shows, with over $7.3 million worth of the collection traded.
Each of these Space Pepes sells for just under $100, and data shows the bulk of trading volumes came on May 19. Volumes have since gradually fallen.
These weekly figures were higher than the popular Ethereum-based collection Bored Apes Yacht Club (BAYC) and highlight a growing trend of Bitcoin-based artwork gaining popularity over its peers on other networks, such as Solana and Polygon, which were more prominently known among collectors.
BAYC and Mutant Ape
Keep reading this article on Coinbase.com.
